This Handbook provides an overview of federal laws affecting the elderly and retirement issues. Information discussed includes age discrimination in employment, elder abuse & exploitation, power of attorney & guardianship, Social Security and other retirement and pension plans, Medicare, and much more in 22 pages of materials.
Premature Retirement Rules In Himachal Pradesh In Fulton
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Multi-State
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Fulton
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US-001HB
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Who can apply for the Old Age Pension scheme in Himachal Pradesh? Elderly citizens with 60 years or above age with an annual income below Rs. 35,000 per year are eligible to apply for the scheme. What is the monthly pension amount provided under the scheme?
A worker can choose to retire as early as age 62, but doing so may result in a reduction of as much as 30 percent. Starting to receive benefits after normal retirement age may result in larger benefits. With delayed retirement credits, a person can receive his or her largest benefit by retiring at age 70.
“Every woman above the age of 18 will get Rs 1,500 under the Indira Gandhi Pyari Behna Sukh Samman Nidhi Yojna. We will spend Rs 800 crore on the initiative annually and over five lakh women would be covered under it,” Sukhu said.
Only government employees (central or state) who joined service before January 1, 2004, qualify for OPS. New recruits are automatically enrolled in the New Pension Scheme (NPS).
Eligibility. The applicant should be a permanent resident of Himachal Pradesh. The age of the applicant should be 60 years or more.
A) on completion of 30 years of qualifying service; or (b) on attaining the age of- (i) 50 years in respect of Class-I and Class-II Officers who have entered in Government service before attaining the age of thirty five years; and (ii) 55 years in case of all other Class-I, Class-II, Class-III .
Despite crisis, OPS restored to 1.4L: Sukhu He claimed to be also fighting with the central govt to get back Rs 9,000 crore of new pension scheme (NPS) contribution. CM Sukhvinder Singh Sukhu reinstated OPS for 1.36 lakh govt employees, pursuing Rs 9000 crore NPS.
"Provided further that a Class-IV Government servant appointed on part-time/ daily wages basis prior to 10-05-2001 and regularized on or after 10-05-2001 shall retire from service on the afternoon of the last day of the month in which he attains the age of 60 years."
Himachal Pradesh Government has provided 15% reservation to Ex-servicemen in Class I to Class IV posts in all services of the State Government including Public Sector Undertakings/Corporations and Autonomous Bodies.
In Himachal Pradesh, the women above 60 years of age are covered under the old age pension. Women in the age group 60 to 69 receive Rs 1,500 monthly pension, and those aged 70 years and above get Rs 1,700.